Question: Chuck, a single taxpayer, earns $ 7 9 , 8 0 0 in taxable income and $ 1 2 , 6 0 0 in interest

Chuck, a single taxpayer, earns $79,800 in taxable income and $12,600 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.)
Required:
a. How much federal tax will he owe?
b. What is his average tax rate?
c. What is his effective tax rate?
d. What is his current marginal tax rate?
Chuck, a single taxpayer, earns $79,800 in taxable income and $12,600

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